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the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
of legislating. he is going to have to provide some leadership. when bill clinton was president, we got things done. welfare reform, put ability of insurance. balanced-budget and a surplus. clinton was directly involved. i remember getting a call from him at weird hours of the night. [laughter] >> i always wondered what he was doing a. [laughter] >> but he would know the section of the bill and how much money was in it. and i remember there was one like the children's health care thing and he said, i don't know, let's add 10 million more. but we made some concessions to him and he made concessions to us and we got the job done. but i guess now i'm going to begin to act a little bit like a republican. first of all, while the democrats won, i would not call this a mandate. there is a mandate, it is for the president and the congress to start working together. he does not talk to the members of congress. democrats will tell you that. he hasn't been engaged. the problem is not enough revenue. the problem is too much spending. now, some of the republican. the solution is that we are going to have t
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